Should limit on Monday. They didn't disclose that they also have the IKEA monopoly in malaysia outside of klang valley. So this is a free option on IKEA opening in Iskandar.
This Aaron Tan looks like just playing with family money. Rich kid.
Aaron Tan, who is the nephew of Datuk Seri Robert Tan Chung Meng of the IGB Corp Bhd, bought the stake in Yi-Lai at RM1.30 a share in May 2014. So, i expect the share price should up to this value as rto will bring a synergy to existing Yilai business.
I have commented before that I invested in Yilai because of the Johor Southkey's 6 billion integrated project in phases. That's lots of tiles to supply to. Midvalley Southkey is in the making.
Then came the RTO news between Yilai and Aspen Group.
A look at both the masterplans at the weblink above (Johor's Southkey and Penang RM8bil Aspen Vision City project in Batu Kawan) . That's even more tiles to supply.
Tiles making business is simply too small worth the Tan conglomerate's attention. Now it makes more sense with this RTO. I won't be surprise see MidValley AspenCity in Batu Kawan in future. Or some sort of private placement for this enlarge entity to IGB, GOLDIS, WAH SEONG or one of their MANY investment vehicles later on.
A 30 years old Dato Murly and/or 31 years old Aaron Tan.
So who is going to take control? Will IGB subscribe more shares to the enlarge merged entity for more control to young Tan if the RTO negotiation goes well ?
Batman and Superman?
Whoever, whatever, I hope Yi-lai shares shoot up to orbit. :)
Market sentiment for property has improved, from the share price of Tambun which is near to Aspen(in fact Aspen in Batu Kawan location is much better). The main focus should be the success of rto. As the nilai nta is rm1.30+ but the rto is rm1.00 by issue a new share. So, the may be the major concern but i believe either the share price should perform better or Yilai needs to give some goodies to existing share holders. Will accumulate at low..
Yes, there are few players (Eco World, Paramount and GOB) but still Aspen is leading. It is not only talk about property but also synergy between Yilai(material supplier) and Aspen(property) .
Tambun is not in batu kawan. Tambun not competitor to murly and aspen. In batu kawan, after Desmond has sold the abad naluri land to ecoworld,money ecoworld and aspen. Premium outlet and also paramount are not pure property play and their gdv considerably smaller. Remember that the IKEA commercial centre will be the centre for batu kawan to feed the industrial area and also likely for entire SPS. Aspen have first mover advantage over ecoworld. Also this is an asset injection play so the share price should have considerable upside. Aspen have the monopoly for IKEA outside of kl area. Next is jb. Which is a no brainer. Assuming aspen has sales of Myr 750 a year which is conservative. And say realised over 3 years. steady state you have assuming 25 pct gross margin, 180 mil PBIT. Which is 130-140 mil pat. At 10 x pe, this is 1.4 bil market cap. At tambun 7x Pe, this is still close to a bil mkt cap. Smart investors have started to collect the shares so that they can play a major role in agreeing to the deal.
Initially collected as low as RM0.82 and still hold when the price touched RM1.08, and collected again when price dropped below RM0.97.. buang masa is ok when there is a good return in near term.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sulcata
56 posts
Posted by Sulcata > 2016-03-18 09:16 | Report Abuse
so many big seller these 2 days